India's Finance Minister presented the Union Budget for 2013-2014 to Parliament today. As the government previously announced, the budget would defer the introduction of general anti-avoidance rules to April 1, 2015. In addition, the budget does not include changes or clarifications to the rules regarding the taxation of indirect transfers of Indian entities. The budget also contains proposals to tax share buybacks by unlisted Indian companies and to increase the scrutiny of Tax Residency Certificates.